INCHEON, Aug. 12 (Korea Bizwire) – The adoption of electric vehicles (EVs) in Incheon, South Korea’s third-largest city, has been declining for two consecutive years after peaking in 2022, according to recent data from the city government. From January to July of this year, only 2,607 new EVs were registered in Incheon, a mere 37% of [...]
SEOUL, Aug. 12 (Korea Bizwire) — Carmakers in South Korea are moving toward disclosing the brand information of batteries used in their electric vehicles in response to consumer doubts over the safety of EV batteries. Public concerns over EV safety have mounted in the country after a spontaneous fire that began in a parked Mercedes-Benz EV on [...]
SEOUL, Aug. 8 (Korea Bizwire) — Consumer calls for mandatory disclosure of electric vehicle battery information are growing in South Korea, as an EV scare over possible fire accidents grips the nation following a massive fire caused by a Mercedes-Benz vehicle. The latest fear surrounding electric cars started last Thursday, when a spontaneous fire that began in [...]
SEOUL, Aug. 8 (Korea Bizwire) — The government is considering requiring electric vehicle manufacturers to disclose information on car batteries amid an EV scare following a massive fire caused by a Mercedes-Benz vehicle last week, according to sources Thursday. According to the sources, the Ministry of Land, Infrastructure and Transport is reviewing the measures for [...]
SEOUL, Aug. 7 (Korea Bizwire) — The recent electric vehicle fire incidents involving Mercedes-Benz and Kia models could not have come at a worse time for the local automotive industry, which has been eagerly preparing to introduce ambitious new electric models to tackle the so-called EV adoption chasm. While waiting for the official investigation results, [...]
SEOUL, Aug. 6 (Korea Bizwire) – In a significant shift for the electric vehicle (EV) industry, South Korea’s leading battery manufacturers are ramping up production of prismatic batteries, responding to growing market demand and evolving consumer preferences. LG Energy Solution, a major player in the global battery market, has formed a task force dedicated to developing [...]
SEOUL, Aug. 6 (Korea Bizwire) – A recent fire involving a Mercedes-Benz electric vehicle in the underground parking garage of a large apartment complex in Incheon has been traced to a battery manufactured by Farasis Energy, a Chinese electric vehicle battery producer. According to the Ministry of Land, Infrastructure and Transport and industry sources, the battery [...]
SEOUL, Aug. 2 (Korea Bizwire) — Mercedes-Benz Korea Ltd. on Friday expressed “deep regret” over a parking lot fire this week caused by an explosion of an electric vehicle. The white EV sedan, which appeared to be of Mercedes-Benz’s EQE line, caught fire in an underground parking lot inside an apartment complex in Incheon, 27 kilometers west [...]
SEOUL, Aug. 1 (Korea Bizwire) — The number of registered electric vehicles (EVs) in South Korea has surpassed 600,000, industry data showed Thursday. According to the data from the Korea Automobile & Mobility Association (KAMA) and the transport ministry, EV registrations in the country totaled 606,610 units as of June. The government began to officially [...]
SEOUL, Jul. 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading automaker, said Tuesday it has partnered with major Indonesian electric vehicle (EV) charging service companies to provide its customers in the Southeast Asian nation with easy cross-platform charging accessibility. The company signed a memorandum of understanding for the partnership with six local charging [...]